Displaying 61-70 of 436 results.
Thursday, Sep 08, 2016
MARC has downgraded its rating on DRB-HICOM Berhad’s (DRB-HICOM) Islamic Medium-Term Notes (IMTN) Programme of up to RM1.8 billion to A+IS from AA-IS. Concurrently, the rating agency has lowered the rating on the Perpetual Sukuk Musharakah Programme (Perpetual Sukuk) of up to RM2.0 billion to A-IS from AIS. The outlook on all ratings has been revised to stable from negative. The rating actions ...
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Monday, Jun 13, 2016
MARC has withdrawn its rating of DID on Malaysian Merchant Marine Berhad’s (MMM) RM120.0 million Al Bai’ Bithaman Ajil Islamic Debt Securities (BaIDS). The rating withdrawal follows the cancellation of the BaIDS programme on June 10, 2016, as confirmed by the facility agent. In MARC’s last rating action on April 2, 2010, the rating was downgraded to DID following MMM’s failure to mee...
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Friday, May 20, 2016
MARC has withdrawn its ratings of MARC-1(cg) and MARC-1ID(cg) on Tesco Stores (Malaysia) Sdn Bhd’s (Tesco Malaysia) short-term debt programmes due to the expiration of the Conventional and Islamic Commercial Paper (CP and ICP) components of the combined RM3.5 billion programmes. The CP and ICP programmes were part of Tesco Malaysia’s RM3.5 billion CP and ICP, and Medium-Term Notes and Islamic...
This article has been viewed 646 times.
Monday, Mar 28, 2016
MARC AFFIRMS ITS AAAID RATING ON MISC BERHAD’S ISLAMIC MEDIUM-TERM NOTES PROGRAMME OF UP TO RM2.5 BILLION
MARC has affirmed its AAAID rating on MISC Berhad's RM2.5 billion Islamic Medium-Term Notes (IMTN) programme. The outlook on the rating is stable. The rating incorporates a three-notch rating uplift from MISC’s standalone rating based on MARC’s assessment of very strong parental support from Petroliam Nasional Berhad (PETRONAS) which carries a AAA/stable rating from the rating agency. The sup...
This article has been viewed 618 times.
Monday, Mar 14, 2016
MARC ASSIGNS FINAL RATING OF AAIS TO SIME DARBY BERHAD’S RM3.0 BILLION PERPETUAL SUBORDINATED SUKUK PROGRAMME; OUTLOOK NEGATIVE
MARC has assigned a final rating of AAIS to Sime Darby Berhad’s (Sime Darby) RM3.0 billion Perpetual Subordinated Sukuk Programme (Perpetual Sukuk). The rating outlook is negative. Upon review of the final documentation of the issuance, MARC is satisfied that the terms and conditions of the Perpetual Sukuk have not changed in any material way from the draft documentation on which the earli...
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Wednesday, Feb 24, 2016
MARC has affirmed its ratings of AA-IS and AIS on DRB-HICOM Berhad’s (DRB-HICOM) Islamic Medium-Term Notes (IMTN) Programme of up to RM1.8 billion and Perpetual Sukuk Musharakah Programme (Perpetual Sukuk) of up to RM2.0 billion respectively. The ratings outlook has been revised to negative from stable. The outlook revision is mainly driven by the impact of the challenges in the domestic a...
This article has been viewed 699 times.
Wednesday, Feb 24, 2016
MARC AFFIRMS ITS AAA(BG) RATING ON BOUSTEAD HOLDINGS BERHAD'S RM1.0 BILLION BANK-GUARANTEED MTN PROGRAMME
MARC has affirmed its AAA(bg) rating on Boustead Holdings Berhad’s (Boustead) RM1.0 billion Bank-Guaranteed Medium-Term Notes (BG MTN) programme with a stable outlook. The rating reflects the credit strength of the syndicated bank guarantee facility provided by OCBC Bank (Malaysia) Berhad (OCBC Malaysia), Public Bank Berhad (Public Bank), Malayan Banking Berhad (Maybank) and The Bank of East As...
This article has been viewed 692 times.
Thursday, Feb 11, 2016
MARC ASSIGNS AAIS RATING TO SIME DARBY BERHAD’S PROPOSED RM3.0 BILLION PERPETUAL SUBORDINATED SUKUK PROGRAMME AND AFFIRMS ITS MARC-1ID/AAAID RATINGS ON THE EXISTING RM4.5 BILLION ICP/IMTN PROGRAMME; OUTLOOK NEGATIVE
MARC has assigned a preliminary rating of AAIS to Sime Darby Berhad’s (Sime Darby) Perpetual Subordinated Sukuk Programme (Perpetual Sukuk) of up to RM3.0 billion, and has affirmed the ratings of MARC-1ID/AAAID on the existing RM4.5 billion Islamic Medium Term Note (IMTN) Programme and RM500.0 million Islamic Commercial Paper/Islamic Medium Term Note (ICP/IMTN) Programme with...
This article has been viewed 760 times.
Monday, Dec 14, 2015
MARC AFFIRMS AA-IS AND AIS RATINGS ON ALPHA CIRCLE SDN BHD’S RM540 MILLION SENIOR AND RM55 MILLION JUNIOR SUKUK MUSHARAKAH
MARC has affirmed the ratings of AA-IS and AIS on Alpha Circle Sdn Bhd’s (Alpha Circle) RM540 million Senior Sukuk Musharakah (Senior Sukuk) and RM55 million Junior Sukuk Musharakah (Junior Sukuk) with a stable outlook. The two-notch rating differential between the Senior Sukuk and the Junior Sukuk reflects the latter’s subordinated ranking in priority of payment and security. The affirm...
This article has been viewed 626 times.
Tuesday, Dec 01, 2015
MARC AFFIRMS ITS AAA(FG) RATING ON KMCOB CAPITAL BERHAD’S GUARANTEED SERIAL BONDS OF UP TO RM320 MILLION
MARC has affirmed its AAA(fg) rating on KMCOB Capital Berhad’s (KMCOB) guaranteed serial bonds of up to RM320 million with a stable outlook. The rating and outlook are premised on the unconditional and irrevocable financial guarantee provided by Danajamin Nasional Berhad (Danajamin), which carries MARC’s insurer financial strength rating of AAA/stable. KMCOB is the funding vehicle of its...
This article has been viewed 669 times.